Service Properties Trust (NASDAQ:SVC – Get Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.31, but opened at $9.09. Service Properties Trust shares last traded at $9.08, with a volume of 106,056 shares.
Analysts Set New Price Targets
Several research firms have weighed in on SVC. TheStreet raised Service Properties Trust from a “d+” rating to a “c” rating in a research report on Monday, April 10th. Wells Fargo & Company lifted their target price on Service Properties Trust from $6.75 to $7.50 and gave the company an “underweight” rating in a report on Thursday, February 2nd. Finally, Oppenheimer restated a “market perform” rating and set a $8.50 price objective on shares of Service Properties Trust in a research note on Tuesday, March 7th.
Service Properties Trust Trading Up 0.6 %
The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -11.46 and a beta of 2.25. The firm has a 50-day moving average of $9.95 and a 200 day moving average of $8.46.
Service Properties Trust Dividend Announcement
Institutional Trading of Service Properties Trust
Several large investors have recently added to or reduced their stakes in SVC. JPMorgan Chase & Co. increased its position in Service Properties Trust by 16.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,043,522 shares of the real estate investment trust’s stock valued at $9,214,000 after acquiring an additional 146,822 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Service Properties Trust by 330.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 170,481 shares of the real estate investment trust’s stock valued at $1,505,000 after acquiring an additional 130,851 shares during the period. PNC Financial Services Group Inc. increased its position in Service Properties Trust by 30.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,699 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 2,982 shares during the period. Bank of Montreal Can boosted its stake in Service Properties Trust by 17.8% during the 1st quarter. Bank of Montreal Can now owns 65,201 shares of the real estate investment trust’s stock valued at $587,000 after purchasing an additional 9,855 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Service Properties Trust by 49.7% during the 1st quarter. MetLife Investment Management LLC now owns 80,220 shares of the real estate investment trust’s stock valued at $708,000 after purchasing an additional 26,633 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.
Service Properties Trust Company Profile
Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.
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